The Apollo Commercial Real Estate Finance (ARI) Upgraded at Wells Fargo & Co.

The Apollo Commercial Real Estate Finance (ARI) Upgraded at Wells Fargo & Co.

Apollo Commercial Real Estate Finance (NYSE:ARI) was upgraded by Wells Fargo & Co. from an “underperform” rating to a “market perform” rating in a note issued to investors on Thursday, The Fly reports.

ARI has been the topic of several other research reports. Zacks Investment Research raised shares of Apollo Commercial Real Estate Finance from a “hold” rating to a “buy” rating and set a $19.00 price target on the stock in a research report on Friday, September 9th. Barclays PLC reaffirmed an “equal weight” rating and issued a $17.00 price target on shares of Apollo Commercial Real Estate Finance in a research report on Thursday, September 8th. Finally, Keefe, Bruyette & Woods raised their price target on shares of Apollo Commercial Real Estate Finance from $16.00 to $16.50 and gave the company a “market perform” rating in a research report on Thursday, July 28th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $17.50.

Shares of Apollo Commercial Real Estate Finance (NYSE:ARI) opened at 16.01 on Thursday. The company has a 50 day moving average price of $16.48 and a 200 day moving average price of $16.22. Apollo Commercial Real Estate Finance has a 52 week low of $13.80 and a 52 week high of $18.25. The company has a market capitalization of $1.08 billion, a PE ratio of 17.31 and a beta of 0.70.

Apollo Commercial Real Estate Finance (NYSE:ARI) last announced its quarterly earnings results on Tuesday, July 26th. The real estate investment trust reported $0.51 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.48 by $0.03. Apollo Commercial Real Estate Finance had a net margin of 46.71% and a return on equity of 10.36%. The business had revenue of $46.90 million for the quarter, compared to analysts’ expectations of $7.60 million. During the same quarter last year, the firm earned $0.45 EPS. The firm’s revenue for the quarter was up 43.0% compared to the same quarter last year. On average, equities research analysts expect that Apollo Commercial Real Estate Finance will post $2.32 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 17th. Shareholders of record on Friday, September 30th will be paid a $0.46 dividend. The ex-dividend date of this dividend is Wednesday, September 28th. This represents a $1.84 annualized dividend and a yield of 11.49%. Apollo Commercial Real Estate Finance’s dividend payout ratio (DPR) is 193.69%.

A number of large investors have recently bought and sold shares of ARI. PNC Financial Services Group Inc. raised its stake in Apollo Commercial Real Estate Finance by 175.5% in the second quarter. PNC Financial Services Group Inc. now owns 6,494 shares of the real estate investment trust’s stock valued at $105,000 after buying an additional 4,137 shares during the period. IFP Advisors Inc raised its stake in Apollo Commercial Real Estate Finance by 1,282.6% in the first quarter. IFP Advisors Inc now owns 6,982 shares of the real estate investment trust’s stock valued at $114,000 after buying an additional 6,477 shares during the period. Creative Planning raised its stake in Apollo Commercial Real Estate Finance by 46.7% in the third quarter. Creative Planning now owns 13,296 shares of the real estate investment trust’s stock valued at $218,000 after buying an additional 4,232 shares during the period. Invictus RG purchased a new stake in Apollo Commercial Real Estate Finance during the first quarter valued at approximately $220,000. Finally, KCG Holdings Inc. purchased a new stake in Apollo Commercial Real Estate Finance during the second quarter valued at approximately $270,000. Hedge funds and other institutional investors own 51.81% of the company’s stock.

Apollo Commercial Real Estate Finance Company Profile

Apollo Commercial Real Estate Finance, Inc (ARI) is a real estate investment trust (REIT). The Company primarily originates, acquires, invests in and manages performing commercial first mortgage loans, subordinate financings, commercial mortgage-backed securities (CMBS) and other commercial real estate-related debt investments.

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